GBPAUD currency pair recently reversed up with the weekly Hammer from the powerful support level 1.74300 (which started the sharp uptrend at the start of January, as can be seen from the daily GBPAUD chart below), standing close to the lower daily Bollinger Band. Given the strength of the aforementioned…

GBPCAD currency pair recently reversed up with the daily Bullish Engulfing from the pivotal support level of 1.63250 (which has been reversing the price from the end of March, as can be seen from the daily GBPCAD chart below), standing close to the lower daily Bollinger Band. This upward reversal…

NZDUSD currency pair recently reversed down with the daily Shooting Star from the key resistance level of 0.69850 (which has been reversing the price from November, as can be seen below), standing close to the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from last…

GBPJPY currency pair continues to rise strongly after the pair recently reversed up from the key support level of 159.000, standing close to the upper trendline of the wide daily up channel from December and the 38.2% Fibonacci correction of the upward impulse 3 from the start of March. The…

USDCAD currency pair recently reversed up from the key support level of 1.2450 (which has been steadily reversing the pair from the middle of January, as can be seen from the daily USDCAD chart below) - standing close to the lower daily Bollinger Band. The upward reversal from the support…

AUDUSD currency pair is under bearish pressure after the price reversed down once again from the key resistance level of 0.75350 (which has been reversing the price since the middle of last October), standing close to the upper daily Bollinger Band. The downward reversal from the resistance level of 0.75350…

USDCAD currency pair recently reversed up with the daily Hammer from the key support level 1.24500 (which has been reversing the price from the middle of January), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.24500 stopped the previous impulse waves (iii) and 3.…

USDCHF currency pair recently broke the key support level 0.92600 (which has been reversing the price from the start of March), intersecting with the 61.8% Fibonacci correction of the upward impulse (iii) from the start of march. The breakout of the support level 0.92600 accelerated the active short-term ABC correction…

EURAUD currency pair recently reversed up with the daily Hammer from the key support level 1.45800 (which stopped the previous short-term impulse wave (i)), intersecting with the lower daily Bollinger Band . The upward reversal from the support level 1.45800 started the active short-term ABC correction (iv). Given the rising…

EURNZD currency pair recently reversed up from the key support level 1.57200 (which stopped the previous intermediate impulse wave (1)), intersecting with the lower daily Bollinger Band . The upward reversal from the support level 1.57200 started the active short-term ABC correction 2. Given the rising euro bullish sentiment that…